Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.

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Fission Uranium Corp

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Comment by sudzie191on Mar 10, 2016 2:00pm

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Post# 24644505

RE:RE:RE:RE:RE:RE:Re Cash Burn

sudzie191 wrote: I expect a consortium will be developed for P{LS consisting of Cameco, Areva, and CGN
So it will be Cameco and Areva engineering and know how, with a lot of CGN financial backing, and that should satisfy out Federal government.

THe consortium will likely at some point make simultaneous take out offers for each of NXE and FCU and this avoids the managements of FCU and NXE trying to marry up, as they probably don't have the expertise to properly figure out what each others deposit and their own are worth.

THis takeout will likely occur in 2017, perhaps late in the year after the winter and summer drill programs in 2017.
You have already seen one very important developemt in tune with what I have posted, both NXE and FCU now have the same RPA cpmapany, which can now be employed to scope out the many benefits of developing the whole area, combining all the projects.

A group of RPA folks attended the infamous TOwn Hall meeting last fall and sat right behind me. I know a few of those guys and they are a good team.

HighROI wrote: @Sudzie The infill holes at NXE high grade subcore are coming back excellent. There will certainly be indicated pounds after the winter program. It makes me wonder if CGN / Cameco have bigger plans with the regards to the district with recent activity with ALX and Cameco stating they would be willing to work with CGN. CGN obviously has very deep pockets despite it's modest market cap of $13B USD with the 90% government ownership stake.